Berlusconi Won't Seek Another Term as Premier

By

Stacy Meichtry

Updated Oct. 24, 2012 4:36 p.m. ET

ROME—Former Prime Minister Silvio Berlusconi confirmed Wednesday that he won't seek another term as premier, in the latest sign that Italy's political establishment is struggling to shore up support ahead of elections next spring.

"I will not propose myself as candidate for prime minister," Mr. Berlusconi said in a statement, adding that his party planned to hold primaries to elect his successor as party standard-bearer.